GURUFOCUS.COM » STOCK LIST » USA » NYSE » Fortive Corp (NYSE:FTV) » Definitions » PB Ratio
Switch to:

Fortive (NYSE:FTV) PB Ratio

: 2.51 (As of Today)
View and export this data going back to 2016. Start your Free Trial

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2022-12-09), Fortive's share price is $66.56. Fortive's Book Value per Share for the quarter that ended in Sep. 2022 was $26.54. Hence, Fortive's PB Ratio of today is 2.51.

The historical rank and industry rank for Fortive's PB Ratio or its related term are showing as below:

FTV' s PB Ratio Range Over the Past 10 Years
Min: 1.77   Med: 2.96   Max: 6.43
Current: 2.51

During the past 10 years, Fortive's highest PB Ratio was 6.43. The lowest was 1.77. And the median was 2.96.

FTV's PB Ratio is ranked worse than
69.3% of 2332 companies
in the Hardware industry
Industry Median: 1.69 vs FTV: 2.51

During the past 12 months, Fortive's average Book Value Per Share Growth Rate was 2.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 10.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 29.00% per year.

During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Fortive was 41.40% per year. The lowest was -19.40% per year. And the median was 9.90% per year.

Back to Basics: PB Ratio


Fortive (NYSE:FTV) PB Ratio Historical Data

The historical data trend for Fortive's PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fortive Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
PB Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.55 2.87 2.91 2.67 2.88

Fortive Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
PB Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.72 2.88 2.28 2.05 2.20

Fortive (NYSE:FTV) PB Ratio Competitive Comparison

For the Scientific & Technical Instruments subindustry, Fortive's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Fortive (NYSE:FTV) PB Ratio Distribution

For the Hardware industry and Technology sector, Fortive's PB Ratio distribution charts can be found below:

* The bar in red indicates where Fortive's PB Ratio falls into.



Fortive PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Fortive's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Sep. 2022)
=66.56/26.543
=2.51

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.


Fortive  (NYSE:FTV) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Fortive PB Ratio Related Terms

Thank you for viewing the detailed overview of Fortive's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Fortive (NYSE:FTV) Business Description

Fortive logo
Address
6920 Seaway Boulevard, Everett, WA, USA, 98203
Fortive Corp is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $5.3 billion in revenue and $1.2 billion in adjusted operating income in 2021.
Executives
Newcombe Tamara S. officer: President & CEO of PT 6920 SEAWAY BLVD. EVERETT WA 98203
Lassiter Wright Iii director 500 PLAZA DRIVE C/O QUEST DIAGNOSTICS SECAUCUS NJ 07094
Soroye Olumide officer: President & CEO of IOS 6920 SEAWAY BLVD. EVERETT WA 98203
Simmons Edward Read officer: SVP - Strategy 6920 SEAWAY BLVD EVERETT WA 98203
Hayes Rejji P director ONE ENERGY PLAZA JACKSON MI 49201
Dubey Sharmistha director 8750 NORTH CENTRAL EXPRESSWAY SUITE 1400 DALLAS TX 75231
Mulhall Christopher M. officer: VP - Chief Accounting Officer C/O FORTIVE CORPORATION 6920 SEAWAY BLVD EVERETT WA 98203
Sargent Jeannine P director C/O VEECO INSTRUMENTS INC. 100 SUNNYSIDE BOULEVARD SUITE B WOODBURY NY 11797
Hulit Barbara B. officer: Senior Vice President C/O FORTIVE CORPORATION 6920 SEAWAY BLVD EVERETT WA 98203
Weaver Emily A. officer: VP-Chief Accounting Officer C/O FORTIVE CORPORATION 6920 SEAWAY BOULEVARD EVERETT WA 98203
Mclaughlin Charles E officer: SVP - Chief Financial Officer C/O FORTIVE CORPORATION 6920 SEAWAY BOULEVARD EVERETT WA 98203
Murphy Patrick K officer: Senior Vice President C/O FORTIVE CORPORATION 6920 SEAWAY BOULEVARD EVERETT WA 98203
Schwarz Jonathan L officer: VP-Corporate Development C/O FORTIVE CORPORATION 6920 SEAWAY BOULEVARD EVERETT WA 98203
Pringle William W officer: Senior Vice President C/O FORTIVE CORPORATION 6920 SEAWAY BOULEVARD EVERETT WA 98203
Walker Stacey A. officer: SVP - Human Resources C/O FORTIVE CORPORATION 6920 SEAWAY BOULEVARD EVERETT WA 98203

Fortive (NYSE:FTV) Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
premium membership